MCL breaks all previous records, achieves highest growth

April 2, 2021 Business

Bhubaneswar: Mahanadi Coalfields Limited (MCL) has broken all its previous records by achieving the highest ever production of 148.01 million tonne (MT) and the highest ever coal despatch of 146 MT.

MCL also achieved a record over-burden removal of 174.5 million cubic meters (MCuM) setting a strong foundation for making Coal India achieve the target of one billion production by 2024.

MCL Chairman-cum-Managing Director P K Sinha expressed his gratitude to the state and the Central governments for extending all necessary support to the company, which ensured the company achieve new milestones despite the COVID-19 pandemic.

“The coal production, despatch and OB removal of MCL during the financial year 2020-21 was the highest ever at 148.01 MT, 146 MT and 174.5 MCuM respectively,” he said, expressing his gratitude to all the stakeholders, including the Centre and the state governments and employees of the company and contractors’ workers.

In 2020, the company not only worked for providing the energy security to the nation, but also actively contributed with the state government in fight against COVID19 pandemic.

MCL had signed a Tripartite Agreement with the Odisha government and SUM Hospital for setting-up of a 525-bedded COVID Hospital at Bhubaneswar and a 150-bedded COVID-19 hospital at Talcher.

Besides, the company also established a dedicated COVID Health Centre of 50 beds in Jharsuguda and other Covid Care Centres having a capacity to accommodate 85 patients.

The Capital Expenditure (CapEx) of Rs 2300 crore by MCL was also the highest among all the Coal India subsidiaries.

MCL is committed to provide clean coal with minimum impact of environment.

In this regard, the company is implementing nine First Mile Connectivity projects to provide pollution free state-of-the-art rake loading system at a total expenditure of Rs 3,600 crore. This will generate a capacity of 126 MT per year.

In terms CSR spending, MCL spent Rs 193 crore in the year ended March 2021.